December 06-2013
OIL & URANIUM DON’T MIX — The circled area shows what has happened to a barrel of oil since Iran and the Big Six cut a deal on the nuclear issue. Most pundits said the price of oil would fall because more oil would flood the market. But, first, the nuclear deal doesn’t provide for any additional oil to be sold by Iran, and, second, the price of an OPEC barrel hasn’t changed any more than the usual daily ups-and-downs. In fact, the price Monday—the last point on the chart—was all of one cent different from the Friday before the nuclear deal was made.
